In the short run, if a firm's total product is increasing:
a. its marginal product must be increasing
b. its marginal product must be positive.
c. its marginal product could be increasing or decreasing.
d. both b. and c. are true.
d
Economics
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Hyperinflationary episodes are always related to extremely rapid growth of:
A) real GDP. B) money demand. C) interest rates. D) money supply.
Economics
A strategy is called a mixed strategy if it involves choosing ________
A) one particular action for a situation B) different actions randomly C) an action that yields a higher payoff to the opponent D) an action that yields zero payoff to the player
Economics